Widening MACD oscillators suggest the prevalence of positivity. Prices excepted to trade positive biased in today’s session. However, a 46100 can induce weakness.
Prevailing bullish sentiments may continue in the counter. However, un unexpected fall below Bollinger lower band support of 67770 may negate buying expectations
Technical Commentary Next stage of buying is expected to see only by voluminous trades above 4770. A vertical fall below 4660 can initiate selling pressure.
Prices may appear firmer above the upside hurdle of 201. Whereas, inability of breaking the same level can induce correction as well.
Present buying momentum may strengthen if prices trade above previous days high. Weakness is expected only below 700 region.
Intraday movement expected to be within a narrow trading region. Break above Bollinger upper band level of 1241 can strengthen the momentum.
Firm trades above 230.40 region can strengthen the buying momentum. Else corrective dips may be witnessed in the intraday
Prices may appear firmer above the 168.20 region. Holding the same resistance can bring prices lower.
Intraday moves may have mild corrections unless the trend line level of 190.30 is not breached. Major weakness is expected only below 184.80.
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